BitShares Forum

Main => General Discussion => Topic started by: bitcrab on March 11, 2017, 02:04:15 pm

Title: Come on and build the channel to USD fiat world.
Post by: bitcrab on March 11, 2017, 02:04:15 pm

below pics shows the BTC price in China offsite market and poloniex at the same time.

(http://p1.bqimg.com/523014/af93c7149216095c.jpg)

(http://p1.bqimg.com/523014/d5e66a9e9adbc7a7.png)

in China the price is about 8593 CNY/BTC, in polo the price is about 1190

8593/1190 = 7.22

the goverment announced USD/CNY rate is about 6.92, however the real market rate today is about 7.15, even so there space for arbitrage trading.

I hope we can build a channel to the fiat USD world with the help of bitUSD and USDT, suppose that let non-USD world always provide more than 2000 bitUSD offer to buy USDT at 0.98-1 bitUSD, and USD world always offer more than 2000 USDT to sell at 1-1.02 bitUSD.

I can play the role to offer bitUSD, anyone would like to play the role to offer USDT? :)

Title: Re: Come on and build the channel to USD fiat world.
Post by: Permie on March 12, 2017, 07:45:12 am

 +5%

Title: Re: Come on and build the channel to USD fiat world.
Post by: ebit on March 12, 2017, 11:34:56 am

 +5%

Title: Re: Come on and build the channel to USD fiat world.
Post by: lafona on March 12, 2017, 02:52:01 pm

This sounds really interesting. Does the arbitrage opportunity always go the same direction? If not we could try to start the USDT:bitCNY market and remove one of the intermediate steps for those willing to take advantage of the arbitrage opportunity. Anyways it looks like the USDT:bitUSD market is pretty healthy now and hopefully people will start to use it more.

Title: Re: Come on and build the channel to USD fiat world.
Post by: bitAndy on March 13, 2017, 02:24:12 pm

 +5%